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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. Identify four Document Clause types that are available in the system for the LC module. (Choose four.)

A) insurance
B) transport
C) certificates
D) invoice
E) packing list
F) others
G) drafts

2. A banK has purchased 2b computers and needs to book these as assets and also specify a depreciation type for them. What are the two available depreciation types that the bank can choose from? (Choose two.)

A) written down value
B) straight line method
C) group depreciation method
D) accelerated cost recovery

3. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) activity depreciation method D sum of digits depreciation method
B) written down value
C) straight line method

4. What does starting a customer session enable a bank user to do? (Choose the best answer.)

A) Automatically get a customer's customer number and account details in transactions.
B) Display various interest rates to a customer.
C) Demonstrate the bank's offerings to customers in simulated mode.
D) Record customer requests and complaints in the system.

5. In trade finance, forfaiting involves the purchase of receivables from exporters. Which statement is true about forfaiting in the Bills module of Oracle FLEXCUBE? (Choose the best answer.)

A) The system will not allow forfaiting as an operation while creating a product Only a change of operation to forfaiting is allowed.
B) A new operation "forfaiting11 has been introduced at the product level
C) Forfaiting is allowed as a new operation at the Bill Contract level.
D) A separate menu operation for forfaiting is introduced that can be mapped to a bill product

Solutions: